Optimizing your GNFR Supply Chain

Optimizing your GNFR Supply Chain The goals of optimizing the Goods-Not-for-Resale (GNFR) supply chain include: Cost Savings By identifying and tracking GNFR expenses, a retail business can identify areas where cost savings can be made, such as by negotiating better prices with suppliers or standardizing [Read More]

2024-01-22T17:49:55-06:00March 16, 2023|Business Tips, Indirect Spend|

Increasing Supplier Accountability

Increasing Supplier Accountability Retail businesses rely heavily on their suppliers to provide a range of goods and services that are essential to their operations. Goods-not-for-resale (GNFR) spending represents a significant portion of a retail business's expenses and it is critical to ensure that suppliers are [Read More]

2024-01-22T17:49:55-06:00March 10, 2023|Business Tips, Indirect Spend|

Onshoring Considerations

Onshoring Considerations In today’s globalized economy, many companies have turned to offshoring, or outsourcing the production of goods and services to countries with lower labor and production costs. However, the current climate of multiple supply chain disruptions has led some companies to re-evaluate their reliance [Read More]

2024-01-22T17:49:56-06:00January 18, 2023|Business Tips, Indirect Spend|

Advanced Analytics

Advanced Analytics Last week, we discussed Continuous Intelligence. When embarking on digitizing your supply chain, a first step is to shift responsibility for communicating current order status onto the suppliers resulting in the collection of real-time, actionable information for the business. Sharing data throughout the [Read More]

2024-01-22T17:49:57-06:00December 7, 2022|Business Tips, Indirect Spend|

Digitize GNFR On-Time Delivery to Manage Supplier Performance

Digitize GNFR On-Time Delivery to Manage Supplier Performance Some companies still use manual processes by using the telephone, email and spreadsheets to manage GNFR (goods not for resale) supplier performance. While this system may have worked for smaller, less complex organizations, it is obsolete for [Read More]

2024-01-22T17:49:57-06:00December 21, 2018|Indirect Spend|

Understanding the Value of Gaining GNFR On-Time Delivery Control

Understanding the Value of Gaining GNFR On-Time Delivery Control Complete transparency in the entire acquisition process is the best way to operate so that companies can readily track errors and spending habits that may be inhibiting profit. But how does this work? What Is On-Time [Read More]

2024-01-22T17:49:58-06:00December 7, 2018|Indirect Spend|
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